Auto Insurance: Motor/ Vehicle

A Commercial Auto Motor Vehicle Insurance Policy covers the risks that arise to the owner, vehicle and third party.(We are authorised by Oriental Insurance & ICICI Lombard General Insurance Company.)

It protects the auto motor vehicle from loss or damage:

* By fire, lightning, self-ignition, explosion, burglary, housebreaking or theft.
* Riot or strike.
* Flood, earthquake, cyclone or inundation.
* Transit by road, air, elevators or lifts.
* Liability for third party's injury or death, third party property and towards the paid driver too.
* Loss or damage to electrical/ electronic accessories, personal accident cover for the driver and passengers is also available after paying additional premium.

Types of Policies:
There are two types of Policies:

Liability Only Policy:
This covers Third Party Liability for bodily injury and/ or death and Property Damage. Personal Accident Cover for Owner-Driver is also included.

Package Policy:
This covers loss or damage to the vehicle insured in addition to the above.

Term of policy:
No policy is permitted to be issued or renewed for any period longer than twelve months. However, Short Period Cover/ Renewal may be granted for periods less than twelve months.

Claims:
In case of claims the maximum liability will be the sum the vehicle is insured for or the insured's declared value, which will be the amount payable in case of total loss or constructive total loss (CTL) irrespective of the market value of the vehicle.
Also in case repair costs go over 75 percent of the IDV, it will be taken to be a CTL.

Premium Calculation in case of adverse claims:
Loading on tariff premium rates by 100 percent may be applied for adverse claims experience of the vehicle insured and individual risk perception as per the insurer's assessment. If the experience continues to be adverse, a further loading of 100 percent on the expiring premium may be applied. No further loading shall apply.Compare premium rates with other company here cheaper/ lower than comparing others in India.

Anti theft device discount:
In case an anti-theft device has been installed in your vehicle expect a discount up to a maximum of Rs 500 on your insurance claulate premium. Avdhoot Investment offers Fastest Claim settlement Services for General Insurance in India within 7 working days.

Click here for FAQ's on Auto Insurance

Contact us for Oriental Insurance/ ICICI Lombard Companies Auto Motor Vehicle Third Party Accident Insurance Lower Premium Rate Comparision online. We offers Cheaper Premium Quotes. Apply online here